Essays in Accounting Theory in Honour of Joel S. Demski

ISBN-13: 9780387303970 / Angielski / Twarda / 2006 / 326 str.

Rick Antle; Froystein Gjesdal; Pierre Jinghong Liang

Opis

Essays on Accounting Theory in Honour of Joel S. Demski is a collection of previously unpublished essays on accounting theory. The contributors are students, collaborators, colleagues and friends of Professor Joel S. Demski. Most of the contributors share Professor Demski s view of accounting as the production and consumption of a very special and powerful economic good called information. Like Professor Demski, they also prefer an economic analytic approach to accounting theory. However, some contributors have chosen other perspectives on the field of accounting. The book also contains an extensive review of Professor Demski s own contributions, to the theory of accounting over the past four decades, written by Jerry Feltham, professor emeritus at the University of British Columbia. The integration of Accounting and the Economics of information worked out by Joel Demski and those he inspired has revolutionized accounting thought."

Spis treści

Joel S. Demski: A Leader in Accounting Scholarship.- Joel S. Demski: A Leader in Accounting Scholarship.- General Theory.- Fair Value, Accounting Aggregation and Multiple Sources of Information.- Equilibrium Voluntary Disclosures when Firms Possess Random Multi-Dimensional Private Information.- Synergy, Quantum Probabilities, and Cost of Control.- Moral Hazard with Hidden Information.- On The Subtleties of the Principal-Agent Model.- Applied Theory.- Incentive Problems and Investment Timing Options.- Aligning Incentives by Capping Bonuses.- The Controllability Principle in Responsibility Accounting: Another Look.- Public Disclosure of Trades by Corporate Insiders in Financial Markets and Tacit Coordination.- Connections to Practice.- The Structure of Performance-Vested Stock Option Grants.- The Lcamr Missile.- Commentary and Perspectives.- A Note on the Information Perspective and the Conceptual Framework.- Economizing Principle in Accounting Research.

O autorze

Rick Antle has a PhD in Business Administration from Stanford University (1981).He has been on the faculties of the University of Chicago (1980-1985) and the Yale School of Management (1985 - ), where he was promoted to full professor in 1989. He served as Senior Associate Dean at Yale from 2000 to 2005.

Froystein Gjesdal has a PhD in Business Administration from Stanford University (1979). He has been a Professor of Managerial Economics at the Norwegian School of Economics and Business Administration since 1979 (Full professor since 1986). Froystein Gjesdal is currently Head of the Department of Accounting, Auditing and Law. He has been an academic visitor at Stanford University, Yale University, London School of Economics as well as University of Florida.

Pierre Jinghong Liang has a PhD in Business Administration (Accounting) from University of Florida (1998). He has been a faculty member (with a title of Associate Professor since 2004) of Tepper School of Business, formerly known as Graduate School of Industrial Administration, at the Carnegie Mellon University located in Pittsburgh, Pennsylvania.

Blurb

Rick Antle is the William S. Beinecke Professor of Accounting at the Yale School of Management, where he was the Senior Associate Dean from 2000 to 2005.

Frøystein Gjesdal is a professor of Managerial Economics at Norwegian School of Economics and Business Administration (NHH) and is currently Head of the Department of Accounting, Auditing and Law.

Pierre Jinghong Liang is an Associate Professor of Accounting at Tepper School of Business, Carnegie Mellon University.

Advancing understanding of accounting theory, this rigorous scholarly work focuses on the analysis of corporate accounting reports as a source of information used in corporate decision-making and in pricing securities by the capital market. Wide-ranging and important chapters cover such topical issues as: managerial compensation, corporate insider trading, real options, fair value accounting standards, procurement costing, and quantum information. The chapters illustrate the variety of both modeling and empirical methods for addressing issues involving incentives and information. The authors' unparalleled quality makes this book useful for both established and aspiring accounting scholars.